Great opportunity to buy 4 flats without strata title on Commercial Zoned block of land in Kingscliff located virtually in town in commercial area. Building is solid and features a new iron roof and gutters, separate electricity metering and there are 4 carparks at rear accessed off back lane way & one at the front.
Property details
Unit 1- Renovated, repainted, polished floors, modern kitchen, 2 bedrooms plus separate lounge room. Rented for $335pw
Unit 2- Original condition- very long stable tenant in place. Returns $180pw
Unit 3- Renovated, repainted, new carpets recently, 2 bedrooms, sunroom plus massive lounge room. Returns $310pw
Unit 4- Repainted and recarpeted. Returns $260pw
Total rent per week = $1085pw
Potential to convert to commercial premises due to shortage of large commercial properties for lease in Kingscliff.
Building dimensions 9.8m wide 15.8m deep 5.6m high - Block is 540m2
For further information contact listing agent Julian Cleak 0400617494